Page 767 – Property118

Landlords and Tenants are missing deposit dispute deadlines for evidence

12th January 2015

The Deposit Protection Service (DPS) have reported that 18% of landlords and 23% of tenants missed deadlines for evidence during deposit disputes during 2014. The DPS provides a separate independent adjudication service for the adjudication of deposit disputes and says that 17.63% of landlords required to submit evidence after agreeing to dispute resolution either missed […]

Noisy landlady at night keeps teacher awake?

11th January 2015

My daughter rents a room in a 2 bed flat in Hove, the other room is the landlady’s room. My daughter is a teacher and although fun loving does like some sleep ideally between 11:30pm & 6:30am at least Sunday-Thursday! Her landlady has on more than 20 occasions brought a man back, been very noisy, […]

Buying houses vs flats in East London

9th January 2015

I am looking to add more properties to my very small portfolio. There are not that many freehold houses on the market in my price range within East London and I am considering buying flats. However with flats there is always the tie in with lease period and also the annual rental that has to […]

Is Broadband still necessary for HMOs ?

8th January 2015

As a HMO Landlord I am seriously considering not providing Broadband services anymore or at least changing my current provider. This service is included in the rent but regularly the tenants complain that the service is too slow and is inconsistent. It can be very time consuming sorting out any problems. When I call Talk […]

Base Rate held at 0.5% with Inflation at 12 year low

8th January 2015

The Bank of England Monetary Policy Committee (MPC) have voted to hold the Base Rate for another month at 0.5%. It has been at this level since March 2009. This is after inflation fell to a 12 year low recently to under 1% with predictions for it to fall even lower after the price of […]

Tenant has died with no will and difficulties with next of kin

7th January 2015

Please has anyone got any advice for me on how to get permission to clear out a property. One of my tenants has died and her adopted son has found out he is not next of kin and may only be fostered now and has been told he can’t authorise anything to be done. The […]

Are parking spaces and garages a good Buy to Let investment ?

7th January 2015

I am interested in investing in parking spaces and garages as I have been told by my solicitor that one of her friend is making a good living of renting out parking spaces and garages. I tried to research the web on the subject but it is very limited and I was wondering if anybody […]

New Boiler and central heating installed without consent and now facing bill?

7th January 2015

I have a converted one bedroom, reception room, kitchen and bathroom flat which has been occupied since the early 1980s by a statutory tenant (SPT). The flat was renovated in the 1980s and provided with a new hot water tank (modern insulated tank with an immersion heater). The tenant in 1997, without consent, installed a […]

Is a log fire in a BTL madness??!

6th January 2015

I have just bought a nice little Victorian terraced house in a good area, to let out. It has been owner occupied until now, and it has a solid fuel stove installed in the living room fire place. What do people think … is it madness to leave this there, should I pay to have […]

How Lenders deal with the demise of a Mortgagor

6th January 2015

Make 2015 the year that you no longer take known risks without first taking full consideration of the pros and cons, and by making sure that you’re implementing the appropriate upfront actions. In particular, as we move into a New Year, why would you choose to leave problems for your beneficiaries and families which can […]

Section 21 and Prescribed Information problems

6th January 2015

My tenants have been in since February 2012, the tenancy became periodic in August 2012. The deposit was correctly protected and the prescribed information given. The house is in England. They have since started to default on the rent and a S21 was served and I am confident that all the dates on the S21 […]

Why are my tenants trying to destroy me?

6th January 2015

I had been letting a property for over five years with no problems whatsoever so when I moved in with my partner we decided to also rent out my home I’d been living in rather than sell it. I placed an advert to test the water as it’s quite a large house and didn’t know […]

Buy to Let market starts the year with a BANG

5th January 2015

The mortgage market has opened the year with a bang, including the launch of a new Buy to Let lender, Fleet Mortgages. Chief executive of Fleet Mortgages Bob Young said “we have brought this lender to market in record time and are lending at what is a very exciting time for a growing and developing […]

Do I need an AST for a 4 month let?

5th January 2015

I am a landlord with several properties. One (property 2) is fully tenanted and running fine. The other (property 1) has a tenant that causes me headaches – nuisance to neighbours, noisy parties etc. I am preparing to give her notice. Section 21. Then I will – with his agreement move tenant from house 1 […]

European Central Bank may start full scale Quantitative Easing

5th January 2015

The Euro hit a 9 year low against the Dollar at $1.1864 causing speculation amongst investors that the European Central Bank (ECB) must now start to stimulate the economy by instigating a full scale Quantitative Easing (QE) plan similar to those undertaken by the UK and USA. This is because the only wiggle room on […]

Should I let to Council or Local Housing Association

4th January 2015

I am new to the forum and Buy to Let Property. I would like to invest in Buy to Let Property and have been looking at the option of letting it to the Council or Local Housing Association on a 1 or 3 years lease. I am planning to buy 2 or 3 bedroom house […]

Would you rent your first BTL property out to students?

3rd January 2015

I am about to buy my first Buy to Let and I was thinking that it will be good to rent out to students by the room as it might end up paying me well, no council tax to pay and renting by the room sometimes means that the house is never empty (always having […]

High London prices – Capital vs Yield

3rd January 2015

In all the advice provided on this web site it states to target yield of 5%+. In some parts of Greater London, this is simply not achievable due to high house prices. Is it realistic to buy lower yielding areas where 2 bed flats are £300-£500K with expectations of further capital growth compensating for the […]

Do Section 8 and Section 21 Notices have a shelf-life?

3rd January 2015

Some time ago we served both types of notice on a tenant who had several rental excursions up to 3 months in arrears and who also was not keeping the flat in good condition (not ventilating it properly & too much junk against the walls). He has been trying to start up a company and […]

How do I relinquish a management role

3rd January 2015

I am currently the director of a small block of 6x flats in a limited company and my wife is the Secretary, we have held these positions for 7 years now and it is time for a change as apathy has set in amongst the other owners. I have run the company well and there […]